I purchased SC on a pretty decent drop. Then it continued to drop. And continued to drop. It took about 4 hours to rise back up to a price where I could sell for 1% - 2% profit. Since I'm waiting for my bank transfer $ I didn't have enough in my account to double down on the continued drop. I have a question about the double down concept...should that be used as a last resort only? Would I set my selling price to just get out of the trade at a slight profit? I guess these question would depend upon what was happening in the market.
I wondered what changed between yesterday and today. Yesterday SC was pumping all day long. Today it was sluggish. After looking at the rest of the alt coins I recognized that just about all of them were sluggish today. So it is possible that today was just a sluggish day. I remember reading on this forum where one person observed that most market dumps occur on the weekends. Maybe I should be careful about trading on the weekends??? Or Sunday more so than Saturday.
Can anybody recommend a course that would teach Bitcoin trading?
I'm still asking questions and still learning.
Scott